Elon Musk’s SpaceX said Tuesday that third-quarter revenue rose 161% to $14.6 billion year over year, cruising past the $12.86 billion analysts expected, according to Visible Alpha consensus from S&P Global Market Intelligence. The company reported net income of $4.4 billion, or 35 cents a share compared with a net loss of $541 million in the second quarter and $5.5 billion a year ago. Operating income rebounded to $2.79 billion, from a loss of $143 million in the second quarter, well above the $2.33 billion analysts expected. SpaceX’s buzzy AI segment—renamed “Super Intelligence”—which includes computing capacity leased to Claude-maker Anthropic, Google, Grok, and X, clocked in with revenue of $7.56 billion, compared with the $6.47 billion analysts had expected, and up from $2.56 billion in the second quarter. SI revenue nearly tripled this quarter. Connectivity revenue, mostly from Starlink, rose 69% to $5.25 billion, against the $4.92 billion analysts expected, and connectivity operating income nearly doubled to $2.37 billion. Starlink added 1.6 million consumer subscribers, falling short of the 2.29 million analysts were predicting. Read more [paywall removed for Redditors]: https://fortune.com/2026/10/20/spacex-q3-profit-ai-si-elon-musk/ submitted by /u/fortune
Originally posted by u/fortune on r/ArtificialInteligence